The Peace Studio Inc
- Assets
- $146.5k
- Revenue
- $716.7k
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 04/2008
- Data as of
- 12/2023
- EIN
- 26-0385592
Organization Overview
The Peace Studio Inc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Peace Studio Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peace Studio Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Peace Studio Inc generated $716.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 47.8% each year . All expenses for the organization totaled $800.8k during the year ending 12/2023. While expenses have increased by 20.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP ARTISTS AND JOURNALISTS WHO SEEK TO INSPIRE HOPE AND CATALYZE TRANSFORMATIVE SOCIAL CHANGE. THE PEACE STUDIO DOES THIS BY ENCOURAGING SELF-REFLECTION, HOLDING EDUCATIONAL INTENSIVES AND SUMMITS, GIVING OUT AWARDS, FUNDING FELLOWSHIPS AND MICRO-GRANTS, AND CREATING CONTENT THAT SHOWCASES THE BEST OF HUMANITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PEACE STUDIO FELLOWSHIP SUPPORTS THE WORK OF EXCEPTIONAL, U.S. BASED ARTISTS AND JOURNALISTS WHOSE WORK BUILDS BRIDGES AND SEEKS A POSITIVE IMPACT ON SOCIETY. THE PROGRAM COMES WITH $10,000 FOR EACH FELLOW TO WORK ON A PEACEBUILDING PROJECT, ACCESS TO THE PEACE STUDIO'S SKILLS FOR CREATIVE PEACEBUILDING CURRICULUM, AND INTENSIVE MENTORSHIP.
THE PEACE STUDIO'S ARTIST AS CATALYST PROGRAM IS AN IMMERSIVE, WEEK-LONG EXPERIENCE FOR EMERGING ARTISTS, AGES 18-26, WHO ARE INTERESTED IN MAKING A POSITIVE SOCIAL IMPACT WITH THEIR ART. 40 YOUNG CATALYSTS ARE SELECTED EACH YEAR TO PARTAKE IN STUDIO CLASSES, KEYNOTE CONVERSATIONS, AND INTERACTIVE WORKSHOPS ON THE THEMES OF ARTISTRY, CITIZENSHIP, AND ENTREPRENEURSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Clauser President | Trustee | 5 | $0 |
Sheldon Lyn Treasurer | Trustee | 1 | $0 |
Lis Wiehl Secretary | Trustee | 1 | $0 |
Roberta Baskin Board Member | Trustee | 1 | $0 |
Jennifer Gates Board Member | Trustee | 1 | $0 |
Jennifer Manocherian Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $716,614 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $716,614 |
| Total Program Service Revenue | $0 |
| Investment income | $112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $716,726 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $127,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,000 |
| Compensation of current officers, directors, key employees. | $22,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $77,042 |
| Other employee benefits | $0 |
| Payroll taxes | $15,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,720 |
| Office expenses | $15,903 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $59,397 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,032 |
| All other expenses | $6,078 |
| Total functional expenses | $800,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,483 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $146,483 |
| Accounts payable and accrued expenses | $1,538 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,538 |
| Net assets without donor restrictions | $144,945 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $146,483 |